I posted this one up a few days ago where a channel support and an in-channel resistance were fighting off each other in a squeeze. It's still going. Despite the trade talks news over the last few days, it hasn't reacted to that like other US-listed China stocks. This trend is going to get broken, and whichever way that is, the herd will make it move big once...
Channel has provided some support, but a resistance line has come into play.
SOGO now hit ATL today, reinforcing downward channels (when it looked like things might already have hit a bottom).
Been knocking at the door for almost daily for a month!
Post earnings, direction is unclear. Could still be a bear flag, or it could reverse. Probably still negative, but decision should be made in the next few days...
But this would imply heading into new lows territory
Continues to knock on the door of $188 (which by the way is a Chinese lucky number).
Support from 50 DMA may give it impetus to move upwards again.
Messy chart, although position is above all major DMAs and the 50 DMA is likely to provide added support as it catches up fast.
If we get more positive news from US/China negotiations, this may just pop.
Break above or below the two lines is imminent and will provide next direction. Lots of technical support lines holding up so far.
This one has been banging on the door of 500p waiting to pop.
50 DMA crossing over 200 DMA today.
Likely to move up in about a week's time, but of course dependent on exogenous factors (eg trade deal)
Sitting on its upper Bollinger band and supported by 150 day MA.
Next resistance is at $31, but extended on upper Bollinger band, yet supported by 200 MA. Expecting it to consolidate here for a while before attempting to break $31. If it does, $35 is the next clear resistance.